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Latest ICAEW Insights and accountancy news

All the latest news about ICAEW and the accountancy profession.

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2020/21 Reporting Season: how much harder could it be for retailers?

13 January 2021: With a difficult year behind them, the upcoming reporting season is likely to cause further issues for both retailers and their auditors. We speak to Jacqui Baker, boutique owner and Audit Director at RSM UK Audit, about year ends, going concern and wellbeing.

How to ensure a charity’s financial sustainability during COVID-19

13 January 2021: COVID-19 has increased demand for charity services while impacting revenue-raising opportunities. Helena Wilkinson, Head of Charities at Price Bailey, suggests the impact is likely to be even greater in 2021 and outlines actions charities can take to manage financial sustainability.

Business Spotlight: COVID’s impact on the printed word

12 January 2021: ICAEW Insights speaks to Catherine Rossiter, Chief Strategy Officer in the UK for one of Europe’s largest printers of books, about the effect COVID-19 has had on the company’s commercial decision-making process.

Sharma takes the reins on COP26 preparations

12 January 2021: Alok Sharma has left the position of business secretary to concentrate full time on preparations for November’s UN COP26 climate conference in Glasgow, with Kwasi Kwarteng stepping in to take the business brief.

Share your experiences of digital links and MTD for VAT

11 January: The requirement for digital links within MTD for VAT software starts in April 2021, following the end of the soft-landing period. ICAEW’s Tax Faculty is urging HMRC to provide more guidance and is asking for examples of difficulties faced in implementing the requirement.

Guidance on CIS changes needed now, says ICAEW

8 January 2021: HMRC needs to publish draft regulations and guidance detailing forthcoming changes to the construction industry scheme or consider pushing back implementation until 2022, according to ICAEW.

Will businesses reduce their office footprint in 2021?

11 January 2021: With homeworking the new norm, speculation is rife that the days of the vanity corporate HQ could be numbered. Even the longer-term prospect of hybrid models of working is prompting questions about office space and opportunities to downsize.

Chart of the week: the UK in a global economy

8 January 2021: This week’s chart shows that the UK’s economy represents just over 3% of global GDP, demonstrating its relative prosperity given this is generated by just under 1% of the world’s population.

2021 in accountancy: new year, new job?

7 January 2021: If finding a new job or getting a promotion is on your New Year’s resolution list, take a look at our expert tips on moving your career up a gear in 2021 and find out how ICAEW Jobs can support your search.

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